Announcement • Jul 30

Leocor Mining Commences Vtem Airborne Em Survey At Copper Creek, Baie Verte, Newfoundland

Leocor Mining Inc. reported the commencement of a VTEM tm Plus airborne EM survey by Geotech Ltd. at the Company’s Copper Creek prospect, located within the Company’s 2,002-ha contiguous Baie Verte gold-copper exploration package. The Survey follows up the Company’s maiden 2025 drilling campaign on the Prospect which succeeded in identifying stockwork chalcopyrite mineralization interpreted to represent feeder type mineralization of a Volcanogenic Massive Sulphide mineralizing system. In addition to stockwork chalcopyrite mineralization the program identified additional hallmarks of VMS systems including anomalous zinc mineralization and lenses of massive and semi-massive pyrite. Results of the 2025 drilling campaign are disclosed in Company news release dated July 8th, 2025, titled: Leocor Mining Drills 3.6m of 1.49 %Cu, Including 0.9m of 3.22 %Cu within 6.1m of 0.99 %Cu, at Copper Creek. Geotech Ltd.’s proprietary VTEM Plus system is a helicopter-borne time-domain electromagnetic technology that maps subsurface variations in electrical conductivity and magnetic susceptibility. The system is highly effective for VMS exploration because dominant sulfide minerals, including chalcopyrite and pyrite, display strong electrical conductivity contrasts against unmineralized host rocks. VTEM Plus uses a low base operating frequency to penetrate to depths up to 500 meters. The Baie Verte Peninsula has a well documented mineral endowment which includes several past producing VMS mines. Bedrock geology of the project area includes mafic volcanic and metasedimentary sequences of the Notre-Dame Subzone of the Dunnage Zone of the Newfoundland Appalachians. The Notre-Dame Subzone is characterized by Ordovician submarine bimodal volcanics, metasedimentary rocks and ophiolite sequences from a volcanic arc environment. This geological setting is consistent with the development of exhalative and replacement type VMS deposits. The most notable occurrences within the Notre Dame Subzone on the Baie Verte Peninsula include the past producing Terra Nova, Rambler, and Tilt Cove Mines.

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Leocor Mining Inc. has completed a Follow-on Equity Offering in the amount of CAD 2.502124 million.

Leocor Mining Commences Vtem Airborne Em Survey At Copper Creek, Baie Verte, Newfoundland

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